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Courseoutline of Maths

The document outlines a course titled 'Mathematics for Business' offered by Addis Ababa University, focusing on the application of mathematical concepts in economics and management. Key topics include linear equations, matrix algebra, linear programming, and financial mathematics. The course aims to equip students with various mathematical techniques for solving business problems and supporting managerial decisions.

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49 views2 pages

Courseoutline of Maths

The document outlines a course titled 'Mathematics for Business' offered by Addis Ababa University, focusing on the application of mathematical concepts in economics and management. Key topics include linear equations, matrix algebra, linear programming, and financial mathematics. The course aims to equip students with various mathematical techniques for solving business problems and supporting managerial decisions.

Uploaded by

f6081321
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ADDIS ABABA UNIVERSITY

COLLEGE OF BUSINESS AND ECONOMICS


DEPARTMENT OF MANAGEMENT
CORSE TITLE: MATHEMATICS FOR BUSINESS
Course Code:-BMGT 222
Credit hours – 3 hours
Prerequisites: -No pre-requisite
Course Description: -
This course is essentially an application of the basic concepts & principles of mathematics in
economics and management. More specifically the topics to be covered include: Introduction to
the language of mathematics, liner equations & function with their interpretative application in
business & economics, matrix Algebra 7 its application, linear programming, mathematics of
finance in determining interest principle, annuity, etc.
Course objective
The course mathematics for management is addressed to the need of students to get acquainted
with the basic concepts and managerial application of mathematics.
Specific Objective:-
At the end of this course the students should be able to:
 Differentiate the various techniques of mathematics that can be employed in solving business
problems
 Know the way these mathematical techniques are utilized
 Appreciate the importance of mathematics in solving real world business problems
 Use different mathematical techniques for supporting managerial Decisions
Course Outline
Chapter One: Linear Equations and functions
1.1 Introduction
1.2 Vertical horizontal distances
1.3 The distance formula
1.4 Equation of line: Slopes intercept form
1.5 Straight line equation
Chapter Two: Systems of linear equation and inequalities
2.1 Introduction
2.2 Number of solutions possible
2.3 Operation on linear system
2.4 Elimination procedures
2.5 Unique solution
2.6 No solution
Chapter Three: Matrices and summation
3.1 Introduction
3.2 Matrices and vectors
3.3 Properties of a matrix
Chapter Four: Linear programming
4.1 Graphic methods
4.2 Simplex methods
Chapter Five: mathematics of finance
5.1 Introduction
5.2 Simple interest and the future value
5.3 Compound interest and the future value
5.4 The conversion periods
5.5 Ordinary annuities: present value
5.6 Ordinary annuities: Amortization

Chapter Six: Introduction to Differential calculus.


6.1 Introduction
6.2 Why study calculus
6.3 Functional Notation
6.4 The difference quotient
6.5 Derivatives
6.6 The simple power rule
6.7 Product ad quotient rule
Instructional Methods:
• Lecture
• Discussion
• Presentation
Assessment Methods: - Quiz……………………………………..…….. 10%
- Test…………………………………... …….…10%
- Individual Assignment………………… 10%
- Attendance………………………………….. 10%
- Group Work………………………………… 10%
- Final exams ………………………………... 50%

Text book: - QaziZameeruddinUk Khanna, S.K Bhambri, Business Mathematics,7th edition

References: -
• Bowne Prichett and Saber Mathematics with application in management and economics, 6 th
edition

• Hodge, Howard-spreitzer, Ferguson, Business Mathematics, North Western,


Michigan College.
• Ram Krishna Ghosh SuranjanSaha, NCB.ChosSaha , Advance Business
Mathematics,New Central Book Agency London.
• Martin Anthony &Nogman, Biggs, Mathematics for Economics and Finance Methods
& Modelling, Cambridge Lowprice editions

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